Bloomberg Law
May 12, 2017, 1:18 PM UTC

SEC Charges Ex-Foley & Lardner Partner With Insider Trading

Andrew Ramonas

By Andrew Ramonas, Bloomberg BNA

A former Foley & Lardner LLP partner traded on inside information about Harley-Davidson Inc. and other companies, netting more than $1 million, according to a May 11 SEC complaint.

Walter “Chet” Little, who was a member of Foley’s real estate practice group in Tampa, Fla., viewed confidential law firm documents about clients that he didn’t personally represent from 2015 to 2016, the Securities and Exchange Commission said.

He then traded ahead of at least 11 impending announcements related to Foley’s clients, including Harley, Whiting Petroleum Corp., Hanger Inc., Magnetek Inc., Pentair PLC, Oshkosh Corp. and ...

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